Los Angeles Fourplex Just Listed
Attention investors! 5.81% CAP or 12.43 GRM with a projected 8.9% Market Cap or 8.81 GRM. This Los Angeles fourplex just listed is smoking hot! If you’re looking for a cash cow in the heart of Southeast Los Angeles, you’ve come to the right place!
This prime 4-unit building is rare, with four 2-bedroom, 1-bathroom apartments on a 4,800 SqFt lot with a great opportunity for Los Angeles Real Estate Cash Flow!
Huge Los Angeles Market Cap & Gross Rent Multiplier
The current owners took pride in ownership. Very clean and easy to understand. Two units were rented out under the Section 8 program.
Let’s talk about location, location, location! Your tenants are just steps away from landmarks and attractions like the Baldwin Hills Crenshaw Plaza shopping and dining, Watts Towers, Exposition Park, The Forum, Los Angeles Memorial Coliseum, and USC.
Los Angeles Real Estate Cash Flow
Plus, they have a wide range of delicious cuisine, from mouth-watering Mexican to soul food and tasty Korean cuisine. Plenty of places to relax and unwind, with parks like Ted Watkins Memorial Park, The Natural History Museum Of Los Angeles, and Los Angeles International Airport just a stone’s throw away.
Southeast Los Angeles is a region of Los Angeles County containing 26 neighborhoods. The Gateway Cities Region, or Southeast Los Angeles County (also shortened to Southeast Los Angeles and Southeast LA) is an urbanized region located in southeastern Los Angeles County, California, between the City of Los Angeles proper, Orange County, and the Pacific Ocean. The cluster of cities has been termed “Gateway Cities” in that they serve as a “gateway” between the LA and Orange counties, with the city of Cerritos equidistant from Downtown L.A., Long Beach, and Santa Ana in Orange County. As such, the area is central to the Los Angeles-Long Beach-Anaheim, CA Metropolitan Statistical Area (MSA), and has a population of approximately 2,000,000 residents. With tons of off-street tenant parking and easy access to all the fun and excitement South Los Angeles offers, this one won’t last long! A huge Los Angeles Market Cap & Gross Rent Multiplier can be yours for $1,100,000!
Kelsea Smith Real Estate Advisor
DRE#02113548
Glenn Shelhamer Broker Of Record
DRE#01950995
Listed by Kelsea Smith & Glenn Shelhamer of The Award Winning Shelhamer Real Estate Group
Listing Details
4 Units | 3,140 SqFt | 4,803 Lot | $1,195,000 | 814 E 97th St Los Angeles CA 90002
